Buffett Bets Big on Apple and Amazon, Investing Over $157 Billion in Tech Giants
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Warren Buffett has invested $155.3 billion in Apple stock, making it Berkshire Hathaway's largest equity position. He sees Apple as an unmatched consumer products company with a strong ecosystem and services business.
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Buffett also owns $1.8 billion worth of Amazon stock, likely purchased by one of his partner portfolio managers. Amazon's Prime membership network, cloud computing business, and growing advertising sales make it an attractive investment.
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Both Apple and Amazon are members of the "Magnificent Seven" group of megacap tech companies that have driven recent S&P 500 performance.
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Buffett doesn't typically invest in high-growth tech stocks but sees value in these two tech giants.
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Apple and Amazon both have characteristics Buffett likes - strong moats, increasing profits, and capital return programs. His stakes in both companies continue to rise.